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Understanding Car Loan Interest Rates In Canada

Having bad or no credit doesn’t mean you can’t get an affordable auto loan in Canada. The interest rates for a car loan are determined based on a number of different factors. While your credit history plays a crucial role when it comes to drafting terms of the loan, make sure to choose a lender … Continue reading “Understanding Car Loan Interest Rates In Canada”

How To Get A Car Loan After Bankruptcy In Canada

Bankruptcy usually refers to a situation where a person or business can’t repay their outstanding debts. While bankruptcy means that you were financially ruined, financial institutions can understand how choosing bankruptcy is sometimes a good option. It’s possible now to get approved for an auto loan after filing for bankruptcy. In Canada, it shouldn’t be … Continue reading “How To Get A Car Loan After Bankruptcy In Canada”

How Long Does It Take To Improve Your Bad Credit Score

If you want to get approved for an auto loan at a reasonably low interest rate in Canada, you need a good credit score, or in other words, you must have a trustworthy credit history. If your credit score isn’t as high as it should be, it’s time to take necessary steps to get your … Continue reading “How Long Does It Take To Improve Your Bad Credit Score”

How You Can Retain Your Vehicle’s Resale Value

If you purchase a brand new car for $40,000 today, it could be worth less than $30,000 by 2020. Vehicles depreciate quickly and lose their resale value over time. In 2016, the average age of motor vehicles on Canadian roads stood at 9.66 years. Today, the average life expectancy of a vehicle in Canada is … Continue reading “How You Can Retain Your Vehicle’s Resale Value”

The Impact Of Credit Checks On Your Credit Score

Your credit score is a number assigned to you by the credit bureaus. It highlights your history of borrowing and repaying credits and loans on time. Car dealers, banks, loan providers and credit card companies examine credit history before approving a loan. Your credit score can range from 300 to 850 based on your ability … Continue reading “The Impact Of Credit Checks On Your Credit Score”

Car Leasing In Canada: Pros And Cons

Buying a car with an auto loan is a simple process; you borrow money from a lender or a financial institution and pay off the loan in the form of monthly payments, of course, with interest. When you pay off the loan, the car is all yours and you can modify it or use it … Continue reading “Car Leasing In Canada: Pros And Cons”

Is It Possible To Get A Zero-Percent Car Financing Deal In Canada?

Most cars are purchased with an auto loan in Canada. As a car buyer, you want your loan terms to be as flexible and affordable as possible. Getting a zero-percent financing deal means you wouldn’t pay any interest when paying off your loan. It’s almost similar to paying cash for the car excluding the cost … Continue reading “Is It Possible To Get A Zero-Percent Car Financing Deal In Canada?”

A Brief Car Buying Guide For First Time Buyers

If you’re interested in purchasing a new vehicle, you’re probably trying to sort out the right way to achieve this objective. Leasing, financing, or buying? All these options make sense in certain situations. Therefore, you need to weigh your options carefully. It’s a rewarding and exciting experience purchasing your first car. There’s certainly no peace … Continue reading “A Brief Car Buying Guide For First Time Buyers”

Reasons Why You Don’t Have A Credit Score

When it comes to getting car loans in Canada, it’s important to check your credit report to be sure where you stand and how you should prepare to improve your chances of getting approved. While it can sometimes be difficult to get an auto loan with poor credit, having no history can be even more … Continue reading “Reasons Why You Don’t Have A Credit Score”

How To Get Approved For A Bad Credit Car Loan In Canada

There are various vehicle financing companies and lenders that offer car loans to those having bad or damaged credit. It’s often easier to get a car loan with bad credit than getting a car loan with no credit history at all. Your chances of getting a bad credit car loan with Find My Auto are … Continue reading “How To Get Approved For A Bad Credit Car Loan In Canada”

No Credit History? Here Is What You Can Do To Get A Car Loan

It’s hard to get approved for a car loan with no credit history. Having a previous credit record can help lenders determine whether or not you’re able to pay back the borrowed money on time. Find My Auto specializes in helping you get approved for a vehicle loan with little to no credit history. Having … Continue reading “No Credit History? Here Is What You Can Do To Get A Car Loan”

Car Loans In Canada: What Can Affect Your Interest Rate?

Are you interested in buying a new car? If you don’t have the cash upfront, auto financing is your only option. It is important to understand that interest rates are a crucial part of any loan program. In order to get a car loan in Canada, you have to pay back extra money on top … Continue reading “Car Loans In Canada: What Can Affect Your Interest Rate?”

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